anyone trading cable 2013 - lets roll

Slight deviation from cable, but thought i'd give you guys a heads up.

Long Aud Usd 103.14 based on Sombrero.....those who know know and those who don't know , will have to do some work :D

Good weekend.

Sombrero ??. Are you holding it over the weekend?
 
Slight deviation from cable, but thought i'd give you guys a heads up.

Long Aud Usd 103.14 based on Sombrero.....those who know know and those who don't know , will have to do some work :D

Good weekend.

Sombrero ??. Are you holding it over the weekend?

I reckon he will, ya know!

arriba!!!????

I'm off work next week, so gonna be trying my hand at daytrading as opposed to my usual swinging. Gonna be fun! (or not....)
 

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I make no predictions because I like you and everyone else have no idea what will happen next. When price is deviated from it's atr and particularly if this co-exists with it reaching beyond Daily S2/R2 I find it has a historically lower chance of achieving a new hi/lo after a pullback ...when I wrote the post referring to this - price was at 113% 20day atr but still within daily R2...what happened next was the pullback from 5821 (point b) to the previous 1hr/4hr/daily swing hi with 23.6% of 5360 (point a)-5821 (point x) where it found support for another leg up to it''s eventual daily hi @/around Daily R2 in that previopus 1hr swing hi zone @ 38.2% 6179-5630 (not shown on 1hr chart below)...see 1hr chart below.

G/L

So with price at the high at that 113% of the 20 day average pip range and at 109% of the 20 week average pip range - are you saying it won't go any higher today (last day of week) BBmac ? Thanks.
 

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W/e review

W/e review

Price travelled 123% of it's 20 week atr this week just closed and 136% of it's 20 day atr on Friday also now closed. So far this month price has travelled 45% of it's 20 month atr.

re charts: yellow = 100sma, red = 200sma

No fractal swing created by the close of this week's Weekly candle - a bullish candle whose lower wick is longer than it's upper. The week at it's 5630 low probably saw a boumce of the weekly/monthly descending trianle that is the bottom of the monthly wedge pattern or that is certainly how it appears when this t/line is viewed on a weekly or monthly chart. On the daily - actually joing the releveant swing lows it seemed to be slightly lower but whatever. The t/f remains in an opa range and this 5630 low comes ata LL although as stated that is not a fractal swing on this weekly t/f

Friday's Daily candle saw an upside breech of the daily descending trendline and a bullish close and follow thru on the previous 2 x bullish candles that created the 5630 swing low as a L on this t/f. No fractal swing created by Friday's daily candle close but when it comes it will come at a H at least above the last LH of the opa downtrend. This t/f is still in a general opa downtrend but this is under threat now by the HL and H. A new ascending daily trend line can be established by the fractal swing low on this t/f at 5630.

The 4Hr t/f saw a double bottom at that 5630 low and it's been uphill all the way since with an upside breech and close of 2 x descending trend lines and the daily descending trend line mentioned above, now printing a HH above the last H resulting in a possible new opa uptrend but more likely ranging - bullish conditions now on this t/f.

The 1Hr sees definate signs of strength now in a general opa uptrend with the last HH and high of the day/week at the previous 1hr swing hi zone /38.2% 6179-5630. At the close price had pulled back off it's 5844 hi and was finding some demand at the 23.6% fib of the 5630-5844 move

G/L
 

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Sombrero ??. Are you holding it over the weekend?

Oh yes....have no fear !:cool:

This one is particularly interesting as it has already delivered in one time frame, and has set up in another. Ref to points ( B+D )
 

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This feels like that one time in the sand pit and I took a **** in there and all the other kids left and i was all alone and scared.


abandon_thread.gif
 
This feels like that one time in the sand pit and I took a **** in there and all the other kids left and i was all alone and scared.


abandon_thread.gif

Hi Mate

yeah sorry I am not around. Truth be told I have been nursing my wounds from trades so far in February, speaking to my mentor about wtf is going wrong. I have stopped trading live money to work on my edge and game plan. Some of my old habits have come back to the fore. I will be back with some live calls, not sure when yet. GTTY
 
Hmm... I wonder if Cable has been showing a bottom recently. Would be interesting to see price shoot up to 1.58, though I'm not holding my breath.
 
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